The rule change: Age rises from 55 to 57

From 6 April 2028, the Normal Minimum Pension Age (NMPA) will rise from 55 to 57. Here’s how it breaks down:

• Born before 06/04/1971: You’ll already be 57 by then, so the rule change doesn’t affect you.
• Born between 06/05/1971 and 05/04/1973: You’ll be 55 before the deadline and may be able to access your pension, but possibly only for a limited time.
• Born on or after 06/04/1973: You’ll need to wait until 57, unless your pension has a special protection.

What is a Protected Pension Age?

Some pension schemes offer a Protected Pension Age (PPA), allowing access from 55 even after the 2028 changes.

To qualify, you must have:

1. Been a member before 3 November 2021; and
2. An “unqualified right” to take benefits at 55, meaning no trustee approval needed.

But be aware, it applies only to that specific pension scheme, not all your pensions.

Is a PPA worth it?

A PPA could be valuable if you plan to retire before 57 and don’t have other assets (like ISAs or cash) to bridge that gap. Without it, you could hit an awkward two-year delay in accessing your funds.

However, if you’re planning to retire after 57, or you have other ways to fund those two years, holding on to a PPA, especially if it means sticking with a poor provider, may not be worth it.

Transferring could lose your PPA

If you’re thinking about moving your pension, tread carefully. Transferring may invalidate your PPA unless the new provider can preserve it (and only a few can). Partial transfers usually forfeit protection on the portion moved.

How to check

You won’t find PPA details in your statements. You’ll need to contact your provider directly and ask for confirmation in writing. Each pension plan must be checked individually, even with the same provider.

Do you need to act?

This is mainly relevant if:

• You’re planning to retire between 55–57
• You manage your pensions yourself
• You’re considering a transfer and want to preserve access at 55

If none of these apply, it’s likely safe to wait for clearer updates from providers.

Final Thoughts

This rule change won’t affect everyone, but if it affects you, the impact could be significant. The key is understanding where you stand and what options are available to you.

Book a Free Pension Review

If you’re unsure whether you’re affected or are thinking about transferring your pension, we are currently offering a no-obligation Pension Review, free of charge. You don’t need to be a client to access this.

Click here to book your review today.

Adrian Johnson